Market Mantra: Nifty/Bank Nifty Fut/06-02-2018

Market Mantra: 06/02/2018 (09:00)

SGX-NF: 10320 (-385)

For the Day: updated: 11:00

Feb-Fut (Key Technical Levels)

Support for NF: 10280/10240-10150/10115

Resistance for NF: 10450/10480-10530/10585

Support for BNF: 25250/25100-24900/24500

Resistance for BNF: 25400/25500-25650/25950

Trading Idea (Positional):

Technically, Nifty Fut-Jan (NF) has to sustain over 10480 area for further rally towards 10530/10585-10625/10665 & 10755-10815 zone in the short term (under bullish case scenario). 

On the flip side, sustaining below 10450-10415 area, NF may fall towards 10340/10280-10240/1050 & 10115-10035 zone in the short term (under bear case scenario).

Technically, Bank Nifty-Fut (BNF) has to sustain over 25500 area for further rally towards 25650/25950-26100/26250 & 26400-26650 zone in the near term (under bullish case scenario).

On the flip side, sustaining below 25450-25400 area, BNF may fall towards 25250/25100-24900/24500 & 24350-23850 area in the near term (under bear case scenario).

SGX-NF

BNF

SPX-500